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7. Dalton Construction Co. contracted to build a bridge for $5,000,000. Construction began in 2010 and was completed in 2011. Data relating to the construction

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7. Dalton Construction Co. contracted to build a bridge for $5,000,000. Construction began in 2010 and was completed in 2011. Data relating to the construction are: Costs to date 2010, $1,650,000 2011, $3,025,000 Estimated costs to complete 2010, 1,350,000 2011, zero Dalton uses the percentage-of-completion method. How much gross profit should be reported for 2010? * (2 Points) The value must be a number band

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